NOT LISTED FOR SALE
16 Beds
16 Baths
10,107 Sq Ft
0.38 Acre Lot

Sale Details

Date Sold: October 7, 2021

Last sale price $3,900,000 $386 Per Sq Ft

41 Days on Market

Highlights

  • 0.38 Acre Lot
  • Traditional Architecture
  • Views
  • Glenoaks Elementary School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Wrought Iron Fence

About This Home

As of October 2021

14-unit building in Glendale's Citrus Grove area. Well-kept, with several units recently upgraded, this two-level courtyard building is a solid investment opportunity with rents below market value. Built in 1973, the tenant-occupied property comprises of 10,119 square feet of living space on a 16,652 lot. It includes thirteen one-bed/one-bath units and one three-bedroom, two-and-a-half-bath unit that could be for an owner/user. There are 17 carport parking spaces, and an on-premises laundry facility. The address is minutes from the highly rated Adventist Health Glendale hospital. The palm-lined, family-friendly Citrus Grove neighborhood is just a mile from Downtown Glendale and its many dining and shopping destinations, including the fourth-largest mall in LA County, Glendale Galleria, and the picturesque Americana at Brand. It boasts excellent schools, several parks, and convenient access to many amenities including a Smart & Final Extra warehouse grocery store. Highway 2 connects the neighborhood with Interstate 5 for travel from Los Angeles to the coast.

Last Agent to Sell the Property

Max Pellegrini

Engel & Völkers Pasadena License #01196363 Listed on: 08/11/2021

Engel & Völkers Pasadena

Last Buyer's Agent

Nada Slim

Beverly and Company, Inc. License #02036020

Beverly and Company, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $56,250

Year Built

  • Built in 1973

Lot Details

  • 16,652 Sq Ft Lot
  • Two or More Common Walls
  • South Facing Home
  • Wrought Iron Fence
  • Stucco Fence
  • Front Yard

Home Design

  • 10,107 Sq Ft Home
  • Traditional Architecture
  • Apartment
  • Copper Roof
  • Stucco

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Parking

  • 17 Parking Spaces
  • 17 Carport Spaces
  • Parking Available
  • Parking Lot
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Gas Oven
  • Laundry in unit
  • Property Views

Listing and Financial Details

  • Tenant pays for electricity, security, gas
  • Tax Lot 6
  • Assessor Parcel Number 5645022028

Community Details

Building Details

  • 15 Separate Electric Meters
  • 15 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,009
  • Fuel Expense $3,758
  • Gardener Expense $2,400
  • Insurance Expense $4,800
  • Maintenance Expense $12,000
  • Pest Control $1,854
  • Professional Management Expense $6,000
  • Supplies Expense $3,444
  • Trash Expense $780
  • Water Sewer Expense $6,932
  • New Taxes Expense $56,250
  • Operating Expense $100,227
  • Gross Income $5,280
  • Net Operating Income $154,533

Additional Features

  • 14 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$56,250

Year Built

Built in 1973

Lot Details

0.38 Acres

Listing Details

  • Assessments: No
  • CapRate: 3.40
  • Professional Management Expense: 6000.00
  • Property Attached: Yes
  • Supplies Expense: 3444.00
  • View: Yes
  • Water Sewer Expenses: 6932.00
  • Zoning: GLR4
  • Architectural Style: Traditional
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 5645022028
  • Year Built: 1973
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 445.24

Exterior Features

  • Direction Faces: South
  • Fence: Yes
  • Fencing: Stucco Wall, Wrought Iron
  • Pool Private: No
  • Roof: Copper
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 17.00
  • Parking: Yes
  • Parking Features: Assigned, Parking Space, Carport
  • Total Parking Spaces: 17.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator, Gas Oven
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 1854.00
  • Sewer: Public Sewer
  • Trash Expense: 780.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 16652.00
  • Lot Size Acres: 0.3823

Rental Info

  • Tenant Pays: Electricity, Security, Gas

Multi Family

  • Average1 Bed Area: 630 Square Feet
  • Average3 Bed Area: 1917 Square Feet
  • Electric Expense: 2009.00
  • Fuel Expense: 3758.00
  • Garage Income: 480.00
  • Gross Income: 5280.00
  • Gross Scheduled Income: 254760.00
  • Insurance Expense: 4800.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 16652.0000 Square Feet
  • Maintenance Expense: 12000.00
  • Net Operating Income: 154533.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 14
  • Operating Expense: 100227.00
  • Other Income2: 4800.00
  • Rent Control: No
  • Total Expenses: 100227.00

Tax Info

  • New Taxes Expense: 56250.00
  • Tax Lot: 6
  • Tax Rate: 1.25
  • Tax Annual Amount: 56250.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/07/2021 10/07/21 Sold $3,900,000 -13.3% $386 / Sq Ft
08/11/2021 08/11/21 For Sale $4,500,000 -- $445 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $43,968 $3,926,468 $1,570,587 $2,355,881
2024 $43,369 $3,849,480 $1,539,792 $2,309,688
2023 $42,395 $3,774,000 $1,509,600 $2,264,400
2022 $41,676 $3,700,000 $1,480,000 $2,220,000
2021 $14,128 $1,162,267 $715,449 $446,818
2019 $13,624 $1,135,495 $694,229 $441,266
2018 $13,263 $1,113,382 $680,617 $432,765
2016 $12,545 $1,062,749 $654,189 $408,560
2015 $12,305 $1,046,787 $644,363 $402,424
2014 $12,295 $1,026,283 $631,741 $394,542
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-6164

Pasadena-Foothills Association of REALTORS®
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